Vietjet posts significant revenue growth for first half of 2017

Vietjet Aviation Joint Stock Company yesterday announced that its revenue for the first six months of 2017 has reached VND16,423 billion (USD722 million) in revenue and VND1,797 billion (USD79 million), according to audited financial statements and reviewed financial statements provided by KPMG. The after-tax profit of the parent company’s shareholders was VND1,796 billion (USD79 million) an increase of 45% year on year and a gain of 53% of the year’s plan. Earnings per share (EPS) was VND5,737 (USD25cents).

The deadline for shareholder registration for the bonus share dividend of 40% (a compliment of 4 shares for every 10 shares) is September 25, 2017.

With a total charter capital of VND3,224 billion (USD142 million) equivalent to 322.4 million shares in circulation, Vietjet will issue an extra 129 million shares to pay the bonus share dividends.

Accordingly, Vietjet’s charter capital will increase from VND3,224 billion to nearly VND4,514 billion (USD198 million) The company has also recently completed the cash and bonus share dividend payment for 2016 with the average rate of 119%.

On August 15, 2017, Vietjet also advanced VND645 billion (USD28 million) for cash dividend payment for 2017 at the rate of 20%. The company plans to pay a dividend of 50% for 2017.

Up to June 30, 2017, Vietjet’s total asset stood at VND24,747 billion (USD1 billion), an increase of 49.6% year on year. Its equity was VND7,321 billion (USD322 million), an increase of 111.9% compared to the first half of 2016, of which share premium left after 20% cash dividend payment was VND1,536 billion (USD67 million). The company’s unallocated after-tax profit was VND2,532 billion (USD111 million).

As of June 2017, Vietjet operates 73 domestic and international routes including 38 domestic and 35 international, an increase of 37.7% year on year and a gain of 110.6% of the year’s plan.

A huge clean-up operation is currently underway in Paris and started in the early hours Sunday morning after French "yellow vest" demonstrators clashed with riot police in the latest round of protests against French President Emmanuel Macron